Community West Bancshares (NASDAQ:CWBC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Community West Bancshares (NASDAQ:CWBC) from a hold rating to a sell rating in a report issued on Monday.

CWBC has been the subject of several other research reports. Piper Sandler upped their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an overweight rating in a research report on Monday, April 15th. TheStreet downgraded shares of Community West Bancshares from a b- rating to a c+ rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Community West Bancshares from $23.00 to $22.00 and set a market perform rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Community West Bancshares currently has an average rating of Hold and an average target price of $20.33.

Community West Bancshares Stock Down 2.7 %

Shares of NASDAQ CWBC opened at $17.62 on Monday. The stock has a market capitalization of $156.99 million, a PE ratio of 9.32 and a beta of 0.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $15.90 and a 200-day moving average of $15.11. Community West Bancshares has a 52-week low of $12.59 and a 52-week high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The firm had revenue of $11.02 million for the quarter, compared to analysts’ expectations of $11.60 million. Community West Bancshares had a net margin of 20.04% and a return on equity of 11.58%. On average, analysts anticipate that Community West Bancshares will post 1.9 EPS for the current year.

Community West Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 2nd. This is an increase from Community West Bancshares’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 2.72%. Community West Bancshares’s payout ratio is currently 25.40%.

Hedge Funds Weigh In On Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP boosted its stake in Community West Bancshares (NASDAQ:CWBC) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the period. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.